I have a Single Member LLC where i have gave an initial capital. I do cash based accounting.My question is since the initial capital doesn't count as income correct? then when i transferred a portion of the initial ca...
Hello all.
I was recently denied for a business credit card because my business has no credit history. I have been in business as a sole proprietor for 3 years. I was under the impression that they would take my pers...
Hi BP folks - newbie here from California (Bay area) & looking to learn from you all here!My situation: Started slow with real estate investing (turnkey) and own a couple of properties. Things seem to be going on ...
I am considering rolling over my old 401k into a Self-Directed IRA to potentially use those funds to purchase my first rental property. Can anyone help explain any pros/cons with this and let me know if this is actual...
Hello all, I am a new investor in the Fort Smith, Arkansas area. I own two rentals currently at the ripe age of 22 and am looking to start BRRRRing and flipping properties locally. I am looking for meetups close by an...
Does anyone recommendation a custodian who set theirs up for them?(Using a Trust, instead of an LLC, is recommended by many to avoid the mandatory $800 annual California FTB fee charged on LLCs)
Hello,I am in the steps to create my LLC for my rent/lease business but don't want to use my Physical Address. I do have a PO BOX. But the OK Secretary of State doesn't accept PO BOX as a Physical address. What are m...
Basically to make a long story short and to make things as easy as possible without getting any legal entities involved, I have a tenant who vacated the property and left his girlfriend there to take over paying rent ...
I have done a lot of research and established what I think is an excellent team based in Tucson for my multi-family properties. I just closed on a 8 unit property last Friday and am in negotiations on larger property ...
I've ordered title work on a property I'll be doing a double close on. Upon speaking to a potential buyer about title work already being conducted, he mentioned that he would have to order title work too. If he's usin...